On April 11, 2018, the Federal Reserve Board (“FRB”) and the Office of the Comptroller of the Currency (“OCC”) proposed to amend the enhanced supplementary leverage ratio (“eSLR”) standards for U.S. global systemically important bank holding companies (“GSIBs”) and their insured depository institution subsidiaries.

The eSLR would change from a fixed amount to 50% of the percentage that applies pursuant to the FRB’s GSIB surcharge methodology.

The FRB also proposed changes to their total loss-absorbing capacity and long-term debt requirements.The comment period for the proposed changes closes on May 21, 2018.